SCDS vs. GSG

Last updated Jul 14, 2026

SCDS (JPMorgan Fundamental Data Science Small Core ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - SCDS is a Small Cap Blend Equities fund actively managed by JPMorgan, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. SCDS is actively managed, while GSG is passively managed. Over the past year, SCDS returned 37.35% vs 34.57% for GSG. At a correlation of -0.03, they often move in opposite directions. SCDS charges 0.40%/yr vs 0.75%/yr for GSG.

Performance

SCDS vs. GSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Fundamental Data Science Small Core ETF (SCDS) and iShares S&P GSCI Commodity-Indexed Trust (GSG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCDS achieves a 25.57% return, which is significantly lower than GSG's 32.35% return.

SCDS

• 1D: -0.66%
• 1M: 0.51%
• 6M: 19.41%
• YTD: 25.57%
• 1Y: 37.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSG

• 1D: 3.60%
• 1M: -0.20%
• 6M: 28.24%
• YTD: 32.35%
• 1Y: 34.57%
• 3Y*: 14.41%
• 5Y*: 13.83%
• 10Y*: 7.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCDS vs. GSG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SCDS JPMorgan Fundamental Data Science Small Core ETF	25.57%	11.27%	7.26%
GSG iShares S&P GSCI Commodity-Indexed Trust	32.35%	5.93%	4.36%

Correlation

The correlation between SCDS and GSG is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (All Time) Calculated using the full available price history since Aug 8, 2024	-0.03

The correlation between SCDS and GSG shifts across timeframes, from -0.17 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SCDS vs. GSG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCDS

SCDS Risk / Return Rank: 83
SCDS Sharpe Ratio Rank: 81
SCDS Sortino Ratio Rank: 83
SCDS Omega Ratio Rank: 75
SCDS Calmar Ratio Rank: 89
SCDS Martin Ratio Rank: 88

GSG

GSG Risk / Return Rank: 51
GSG Sharpe Ratio Rank: 55
GSG Sortino Ratio Rank: 53
GSG Omega Ratio Rank: 53
GSG Calmar Ratio Rank: 46
GSG Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCDS vs. GSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Fundamental Data Science Small Core ETF (SCDS) and iShares S&P GSCI Commodity-Indexed Trust (GSG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SCDS	GSG	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.48	+0.55
Sortino ratio: Return per unit of downside risk	2.92	2.06	+0.86
Omega ratio: Gain probability vs. loss probability	1.35	1.27	+0.08
Calmar ratio: Return relative to maximum drawdown	4.24	1.85	+2.39
Martin ratio: Return relative to average drawdown	14.71	6.29	+8.41

SCDS vs. GSG - Sharpe Ratio Comparison

The current SCDS Sharpe Ratio is 2.03, which is higher than the GSG Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of SCDS and GSG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCDS vs. GSG - Drawdown Comparison

The maximum SCDS drawdown since its inception was -26.71%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SCDS and GSG.

Drawdown Indicators

	SCDS	GSG	Difference
Max Drawdown Largest peak-to-trough decline	-26.71%	-89.62%	+62.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-18.81%	+9.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.64%	—
Current Drawdown Current decline from peak	-2.09%	-60.04%	+57.95%
Average Drawdown Average peak-to-trough decline	-5.04%	-63.69%	+58.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	5.51%	-2.96%

Volatility

SCDS vs. GSG - Volatility Comparison

The current volatility for JPMorgan Fundamental Data Science Small Core ETF (SCDS) is 4.72%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.35%. This indicates that SCDS experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCDS	GSG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	7.35%	-2.63%
Volatility (6M) Calculated over the trailing 6-month period	13.60%	21.50%	-7.90%
Volatility (1Y) Calculated over the trailing 1-year period	18.49%	23.48%	-4.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.04%	22.80%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.04%	22.00%	-0.96%

SCDS vs. GSG - Expense Ratio Comparison

SCDS has a 0.40% expense ratio, which is lower than GSG's 0.75% expense ratio.

Dividends

SCDS vs. GSG - Dividend Comparison

SCDS's dividend yield for the trailing twelve months is around 0.92%, while GSG has not paid dividends to shareholders.

Position	TTM	2025	2024
GSG iShares S&P GSCI Commodity-Indexed Trust	0.00%	0.00%	0.00%
SCDS JPMorgan Fundamental Data Science Small Core ETF	0.92%	1.15%	0.42%

Frequently Asked Questions

Can I hold both SCDS and GSG in my portfolio?

SCDS and GSG have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCDS or GSG?

GSG has higher volatility (7.35%) compared to SCDS (4.72%). In terms of maximum drawdown, SCDS dropped -26.71% vs GSG's -89.62%.

Which ETF is better, SCDS or GSG?

On 1-year performance, SCDS leads with 37.35% vs 34.57% for GSG. On fees, SCDS is cheaper at 0.40% per year. On volatility, SCDS has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCDS or GSG?

Over the 1-year period, SCDS has performed better with a 37.35% return vs 34.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCDS or GSG?

SCDS is cheaper with a 0.40% expense ratio, compared with 0.75% for GSG.

Which ETF pays a higher dividend yield, SCDS or GSG?

SCDS has the higher dividend yield at 0.92%, compared with 0.00% for GSG.

What is the main difference between SCDS and GSG?

SCDS is categorized as Small Cap Blend Equities, while GSG is Commodities. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.40% for SCDS and 0.75% for GSG.

Which has better risk-adjusted returns?

SCDS currently has the higher Sharpe Ratio (2.03 vs 1.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.